Saudi Advanced Industries Company announces the latest developments regarding the Memorandum of Understanding (non-binding) with Wardat Al-Mashreq Food Company

Element List	Explanation
Introduction	With reference to the announcement of the Saudi Advanced Industries Company on the Tadawul website on May 24, 2022 AD, that it had signed a memorandum of understanding (non-binding) with Wardat Al-Mashreq Food Company to acquire a percentage not exceeding (30%) of Wardat Al-Mashreq Food Company.

The Saudi Advanced Industries Company would like to announce to its esteemed shareholders that it has not renewed the memorandum of understanding (non-binding) signed with Wardat Al-Mashreq Food Company without reaching an agreement. Previous Announcement Signing a memorandum of understanding (non-binding) with Wardat Al-Mashreq Food Company Date of Previous Announcement on Tadawul's Website 2022-05-24 Corresponding to 1443-10-23 Percentage of fulfilled achievement There is no Event's Expected Completion Date There is no The costs associated with the event, and if they have changed or not with indication of the reasons. There is no Impact of the Delay on the Company's Financial Results There is no Additional Information There is no

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